Buying a new vehicle is an increasingly expensive proposition and that’s before you factor in the insurance. A variety of things go into determining how much your insurance bill will be but some vehicles are far more expensive to insure than others.
24/7 Wall St. recently crunched the numbers and examined data from 575 vehicles from the 2014-2016 model years. Since many models are available a number of different trims, the publication streamlined the process by using the model that was most expensive to insure. Without further ado, here’s their list of the most expensive vehicles to insure in the United States.
Unsurprisingly, a luxury vehicle is at the top of the list as 24/7 Wall St. says the most expensive model to insure is the Tesla Model S. The car had an average annual insurance cost of $1,789.48 which put it well ahead of the second place Mercedes S-Class which cost $1,540.63 annually.
The next four models are a tad surprising as they are the Mitsubishi Lancer ($1,458.48), Scion FR-S ($1,403.67), Dodge Charger ($1,385.61) and Kia Optima Hybrid ($1,355.13). These models cost more to insure than luxury and performance vehicles such as the Dodge Challenger ($1,335.79), Audi A7 Sportback ($1,322.51), BMW 4-Series Coupe ($1,306.51) and Lexus GS 350 ($1,295.44).
With the top ten out of the way, we’re heading towards mainstream models with the exception of the 11th place Ford Mustang which had an average annual insurance cost of $1,291.53. It was followed by the Scion iA ($1,274.51), Chrysler 200 ($1,261.87), Scion tC ($1,237.74) and Nissan Maxima ($1,237.68).
The next two cars were the Kia Rio ($1,191.26) and Dodge Dart ($1,187.55). Interestingly, these two economy minded vehicles were more expensive to insure the Infiniti Q50 AWD ($1,182.32), Range Rover Sport ($1,173.05) and Audi A4 ($1,169.13).
Rounding out the top 25 spots were the Lexus IS 350 ($1,167.11), Nissan Sentra ($1,165.05), Nissan Versa ($1,157.59), Mercedes C-Class sedan ($1,157.34) and Kia Forte ($1,155.82).
While it’s a tad surprising that a number of affordable models made the most expensive list, 24/7 Wall St. notes these smaller vehicles tend to offer less accident protection than larger vehicles such as trucks and crossovers.
25. Kia Forte
> Annual average insurance paid: $1,155.82
> Annual collision insurance paid: $425.10
> Type: Small four-door
> Retail price: $16,800
24. Mercedes-Benz C class four-door 2WD
> Annual average insurance paid: $1,157.34
> Annual collision insurance paid: $608.40
> Type: Midsize luxury
> Retail price: $40,250
23. Nissan Versa
> Annual average insurance paid: $1,157.59
> Annual collision insurance paid: $444.60
> Type: Small four-door
> Retail price: $12,110
22. Nissan Sentra
> Annual average insurance paid: $1,165.05
> Annual collision insurance paid: $471.90
> Type: Small four-door
> Retail price: $16,990
21. Lexus IS 350 four-door 2WD
> Annual average insurance paid: $1,167.11
> Annual collision insurance paid: $627.90
> Type: Midsize luxury
> Retail price: $38,210
20. Audi A4 four-door 2WD
> Annual average insurance paid: $1,169.13
> Annual collision insurance paid: $666.90
> Type: Midsize luxury
> Retail price: $36,000
19. Land Rover Range Rover Sport
> Annual average insurance paid: $1,173.05
> Annual collision insurance paid: $631.80
> Type: Midsize luxury SUV
> Retail price: $66,750
18. Infiniti Q50 four-door 4WD
> Annual average insurance paid: $1,182.32
> Annual collision insurance paid: $612.30
> Type: Midsize luxury
> Retail price: $66,750
17. Dodge Dart
> Annual average insurance paid: $1,187.55
> Annual collision insurance paid: $468.00
> Type: Small four-door
> Retail price: $16,995
16. Kia Rio
> Annual average insurance paid: $1,191.26
> Annual collision insurance paid: $413.40
> Type: Mini four-door
> Retail price: $13,900
15. Nissan Maxima
> Annual average insurance paid: $1,237.68
> Annual collision insurance paid: $596.70
> Type: Midsize four-door
> Retail price: $33,270
14. Scion tC
> Annual average insurance paid: $1,237.74
> Annual collision insurance paid: $518.70
> Type: Small two-door
> Retail price: $19,385
13. Chrysler 200 2WD
> Annual average insurance paid: $1,261.87
> Annual collision insurance paid: $471.90
> Type: Midsize four-door
> Retail price: $22,115
12. Scion iA
> Annual average insurance paid: $1,274.51
> Annual collision insurance paid: $530.40
> Type: Mini four-door
> Retail price: $15,700
11. Ford Mustang two-door
> Annual average insurance paid: $1,291.53
> Annual collision insurance paid: $686.40
> Type: Midsize sports cars
> Retail price: $25,680
10. Lexus GS 350 2WD
> Annual average insurance paid: $1,295.44
> Annual collision insurance paid: $705.90
> Type: Large luxury
> Retail price: $46,310
9. BMW 4 series two-door 2WD
> Annual average insurance paid: $1,306.51
> Annual collision insurance paid: $659.10
> Type: Midsize luxury
> Retail price: $43,300
8. Audi A7 4WD
> Annual average insurance paid: $1,322.51
> Annual collision insurance paid: $830.70
> Type: Large luxury
> Retail price: $69,700
7. Dodge Challenger
> Annual average insurance paid: $1,335.79
> Annual collision insurance paid: $627.90
> Type: Large two-door
> Retail price: $27,295
6. Kia Optima hybrid
> Annual average insurance paid: $1,355.13
> Annual collision insurance paid: $592.80
> Type: Midsize four-door
> Retail price: $25,995
5. Dodge Charger 2WD
> Annual average insurance paid: $1,385.61
> Annual collision insurance paid: $569.40
> Type: Large four-door
> Retail price: $28,995
4. Scion FR-S
> Annual average insurance paid: $1,403.67
> Annual collision insurance paid: $752.70
> Type: Small two-door
> Retail price: $25,305
3. Mitsubishi Lancer 2WD
> Annual average insurance paid: $1,458.48
> Annual collision insurance paid: $561.60
> Type: Small four-door
> Retail price: $17,795
2. Mercedes-Benz S class four-door LWB 2WD
> Annual average insurance paid: $1,540.63
> Annual collision insurance paid: $803.40
> Type: Large luxury
> Retail price: $89,900
1. Tesla Model S four-door electric 4WD
> Annual average insurance paid: $1,789.48
> Annual collision insurance paid: $1310.40
> Type: Large luxury
> Retail price: $74,500